Decide whether to pay off debt or start investing
you have some debt, some savings and an employer match on the table, and you can't decide whether every spare dollar goes to the debt or into investments.
Built on
Dave Ramsey · 2024
The hard line: Baby Steps in order, debt snowball smallest-balance first, and even the employer match waits. He says outright it's behavior, not math.
Ramit Sethi · 2019
The other side, on the exact point: take the full employer match first, it's an instant 100% return. Then pay down the higher-rate debt while keeping a real cash cushion.
The prompt
My situation: [list your debts with balances and interest rates, what you have saved, and any employer match]
Use The Total Money Makeover by Dave Ramsey (2024) and I Will Teach You to Be Rich by Ramit Sethi (2019) to help.
Recall any details from the whole book that help, including names, numbers, scenes, or cases that are not the most famous chapter titles.
Copies as plain text. Paste it into whatever model you already use.